Press coverage about Resource Capital Corp. (NYSE:RSO) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Resource Capital Corp. earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.5094655742232 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Resource Capital Corp. (NYSE:RSO) traded down 0.09% during mid-day trading on Thursday, hitting $10.64. 71,753 shares of the stock traded hands. Resource Capital Corp. has a 1-year low of $7.57 and a 1-year high of $12.77. The firm’s market capitalization is $328.06 million. The company has a 50-day moving average of $10.44 and a 200 day moving average of $10.00.
Resource Capital Corp. (NYSE:RSO) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $9.29 million for the quarter, compared to the consensus estimate of $9.42 million. Resource Capital Corp. had a negative net margin of 48.78% and a negative return on equity of 6.09%. On average, equities research analysts anticipate that Resource Capital Corp. will post ($0.31) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.88%. Resource Capital Corp.’s dividend payout ratio (DPR) is -10.93%.
RSO has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Resource Capital Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Resource Capital Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. FBR & Co lifted their price objective on shares of Resource Capital Corp. from $9.75 to $11.50 and gave the company a “market perform” rating in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Resource Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Resource Capital Corp. currently has a consensus rating of “Hold” and a consensus target price of $10.83.
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In other news, Director Jeffrey P. Cohen acquired 5,312 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $10.30 per share, for a total transaction of $54,713.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.82% of the stock is currently owned by corporate insiders.
Resource Capital Corp. Company Profile
Resource Capital Corp. is a real estate finance company. The Company operates through four segments: Commercial Real Estate Debt Investments, Commercial Finance, Residential Mortgage Lending and Corporate & Other. The Commercial Real Estate Debt Investments segment includes the Company’s activities and operations related to commercial real estate loans, commercial real estate-related securities and investments in real estate.
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